Singapore tops Mobile Payments Readiness Index, Philippines second in Southeast Asia
May 10, 2012 by Terence LEE
Singapore is the most mobile payment-ready nation in the world, according to the Mobile Payments Readiness Index by MasterCard. Philippines came in second in Southeast Asia, followed by Malaysia, Thailand, Vietnam, and Indonesia.
The Index gauges the readiness of 34 countries across the globe in three different categories: Peer-to-peer, mobile commerce, and point-of-sale. An overall score was given for each country, with a score of 60 indicating an inflection point where a country is ready for the mass adoption of mobile payment. Read more
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